Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) Sees Significant Decrease in Short Interest

Herzfeld Credit Income Fund, Inc. (NASDAQ:HERZ) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 641 shares, a decrease of 84.7% from the May 31st total of 4,201 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 17,882 shares, the short-interest ratio is presently 0.0 days.

Herzfeld Credit Income Fund Stock Down 2.2%

Shares of NASDAQ:HERZ opened at $16.12 on Friday. The company has a 50 day moving average of $17.40 and a 200-day moving average of $18.36. Herzfeld Credit Income Fund has a twelve month low of $13.71 and a twelve month high of $31.00.

Herzfeld Credit Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a c) annualized dividend and a yield of 12.7%.

Insider Buying and Selling

In related news, Chairman Thomas J. Herzfeld bought 3,610 shares of the stock in a transaction on Wednesday, April 15th. The shares were purchased at an average price of $16.01 per share, with a total value of $57,796.10. Following the purchase, the chairman owned 197,248 shares in the company, valued at approximately $3,157,940.48. This represents a 1.86% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 42.47% of the company’s stock.

Hedge Funds Weigh In On Herzfeld Credit Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HERZ. Thomas J. Herzfeld Advisors Inc. bought a new position in Herzfeld Credit Income Fund during the 4th quarter valued at $12,969,000. Choreo LLC bought a new stake in shares of Herzfeld Credit Income Fund in the 4th quarter worth $927,000. Hunting Hill Global Capital LLC bought a new stake in shares of Herzfeld Credit Income Fund in the 4th quarter worth $90,000. Blue Bell Private Wealth Management LLC acquired a new stake in shares of Herzfeld Credit Income Fund in the fourth quarter valued at $87,000. Finally, Corient Private Wealth LLC acquired a new stake in shares of Herzfeld Credit Income Fund in the fourth quarter valued at $61,000. 15.74% of the stock is owned by institutional investors.

Herzfeld Credit Income Fund Company Profile

Herzfeld Credit Income Fund (NASDAQ:HERZ) is a closed-end, non-diversified management investment company that trades on the NASDAQ Capital Market. The fund is externally managed by Herzfeld Advisors, Inc, which is responsible for day-to-day portfolio construction, credit research and risk management under the oversight of an independent board of directors.

The fund’s primary objective is to generate current income with an emphasis on preservation of capital. To pursue this goal, Herzfeld Credit Income Fund invests in a diversified portfolio of corporate debt instruments, including senior secured loans, high-yield bonds, mezzanine loans and other fixed-income securities.